Kinstellar Turkish affiliate Gen Temizer Ozer has advised Property Finder and Zingat on the sale of 100% of Zingat to Hepsiemlak and Property Finder’s subsequent share subscription into Hepsiemlak.
The transaction is expected to close after the approval of the Turkish Competition Authority.
According to the firm, Property Finder is "the Middle East's largest property portal and was the 100% shareholder of Zingat. Established in 2015, Zingat is one of the largest property portals in Turkey with a wide range of residential and commercial properties listed for rent and sale. Hepsiemlak is one of Turkey's major real estate buying, selling, renting, and advertising platforms, under the umbrella of Dogan Holding."
The Gen Temizer Ozer team was led by Partner Emre Ozer and included Partner Bulut Girgin, Counsel Mert Elcin, Senior Associate Irmak Seymen Varat, and Associates Osman Tugberk and Simru Tayfun.